Bitcoin (BTC) On-Chain Analysis: HODL Wave Gives Accumulation Readings

2022-6-24 23:30

Be[in]Crypto takes a look at bitcoin (BTC) on-chain indicators that relate to lifespan. More specifically, the HODL Wave is analyzed in order to draw similarities with the previous market cycles. 

The HODL wave shows the percentage of the total BTC that has moved in a specific time period. The realized cap HODL wave uses the realized price instead of the market one in order to provide more precise data. 

For example, if the HODL waveband of three to six months has a width of 20%, it means that 2-% of the total BTC supply previously moved between three and six months ago.

In the case of the HODL wave, short-term bands (red) increase once the price gets close to a market cycle top. This occurs because long-term holders are distributing their coins to new market participants. This phenomenon was especially visible in the 2013, 2017, and 2021 market cycle tops (black circles). However, it was not as visible during the current market cycle, neither in May 2021 (white) circle or during the Nov. all-time high.

HODL Wave Chart By Glassnode Underwater buyers become holders

Since the all-time high, the most interesting development is the swelling of the 1-2 year bands as a result of the decrease from the 1-3, 3-6 and 6-12 month bands.

Since the beginning of Feb. 2022, the 1-2 year band has increased considerably (black lines), as a result of the decrease in shorter-term bands between 1 and 12 months. So, those that bought between Feb. 2021 – 2022 have now become holders instead of selling.

To summarize, the change in bands from Feb. to June 2022 has been:

1-3 months: 23 to 10%3-6 months: 13 to 11%6-12 months: 34 to 22%1-2 years: 12 to 33% HODL Wave Chart By Glassnode 1-2 year band

Historically, the one to the two-year band has increased considerably during periods of accumulation, after a market bottom was reached. 

In 2015, the band was at 33% when the bottom was reached, while in 2018 it was at 33% only two weeks before the bottom (black circles).

Afterward, during the accumulation period, this band increased to 57% and 47% in 2015 and 2018, respectively.

So, the previous history indicates that a bottom has been reached or is very close, and an accumulation period will follow.

HODL Wave Chart By Glassnode  

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post Bitcoin (BTC) On-Chain Analysis: HODL Wave Gives Accumulation Readings appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 75860.65 (+1.49%)
Объем 24H $63.721b
Изменеия 24h: 1.94 %, 7d: 7.52 %
Cегодня L: $74544.69 - H: $76122.08
Капитализация $1499.223b Rank 1
Цена в час новости $ 21045.92 (260.45%)

bitcoin hodl wave btc on-chain analyzed specifically

Источник: beincrypto.com

bitcoin hodl → Результатов: 126


Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022

Cryptocurrency and stock markets are showing extreme bearish momentum this week, with Bitcoin hitting rock bottom at $29k after sharply rebounding to the current levels of $32k. Whether this is a bottom or not, Dollar-Cost Averaging (DCA) is one of the best strategies one can employ at this time to take advantage of the volatile […] The post Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022 appeared first on NullTX.

2022-5-10 18:14


Marathon добыла за первый квартал 1258 BTC

За первый квартал 2022 года американская майнинговая компания Marathon Digital Holdings добыла 1258,6 BTC. Это на 556% больше, чем за аналогичный период предыдущего года. $MARA's March 2022 #Bitcoin Production Update- Record 1,259 #BTC in Q1 2022, ⬆️ 566% y-o-y & ⬆️ 15% from Q4 2021- Total BTC holdings = 9,374 BTC #HODL - Hash rate ⬆️ 14% from Q4 2021- Miners expected to be energized in the coming weekshttps://t.

2022-4-6 18:22


Фото:

Michael Saylor says BTC is the most disruptive force of the decade

MicroStrategy CEO Michael Saylor has come out to disclose that the company believes in Bitcoin (BTC/USD), and the cryptocurrency is the most transformative force of the decade. He shared the firm’s outlook on the leading crypto by market capitalization during an interview on February 2, adding that MicroStrategy intends to continue to acquire and HODL […] The post Michael Saylor says BTC is the most disruptive force of the decade appeared first on Invezz.

2022-2-5 15:57


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Price Analysis: Can It Hold Above the $20,000 Level?

The Bitcoin (BTC) price has kept traders and investors yearning for a significant move, but chances of steady price action or consolidation have weighed down market expectations. The post Bitcoin (BTC) Price Analysis: Can It Hold Above the $20,000 Level? appeared first on BeInCrypto.

Bitcoin (BTC) Price Risks Persist as Demand Wanes

A rather boring Bitcoin price action has left the market hoping for some swift moves, but BTC could make participants wait a bit more before any good news pops up.  The post Bitcoin (BTC) Price Risks Persist as Demand Wanes appeared first on BeInCrypto.